According to a joint statement delivered by the companies, the second facility in Pune has been commissioned, with a capacity to charge 40 cars concurrently. This will be India’s largest EV charging hub for four-wheelers. And will also have facilities to charge higher-end passenger vehicles as well as electric buses
March 17, 2020. By News Bureau
Fourth Partner Energy and Lithium Urban Technologies has announced that they have arrived into a partnership to build solar-powered charging infrastructure across India.
The joint venture, Shuchi Anant Virya, has launched its first EV charging hub in Gurugram, which can charge 25-30 cars at the same time.
Shuchi is a 50:50 JV, with an equity capital of Rs 20 crore. “Each of the parties have committed to about Rs 10 crore towards this JV, which will be deployed over the next two to three years. With this we plan to establish 10-15 charging hubs across metros such as Hyderabad, Bengaluru and Mumbai in the next three years,” Vinayak Kathare, business head at SAV said.
He further that Fourth Partner would be accountable for obtaining of power at lowest possible cost and exploiting the contribution of renewables in the supply for EV charging through onsite and offsite solar as well as renewable energy trading options. Lithium will be accountable for providing the base demand for this JV.
According to a joint statement delivered by the companies, the second facility in Pune has been commissioned, with a capacity to charge 40 cars concurrently. This will be India’s largest EV charging hub for four-wheelers. And will also have facilities to charge higher-end passenger vehicles as well as electric buses.
The Gurugram facility will be used primarily to charge Lithium’s fleet to Wipro and American Express. “The global transition to electric mobility can be considered truly green only when the increased demand for energy is met by clean, renewable sources...,” said Vivek Subramanian, co-founder and executive director at Fourth Partner Energy.
The company has a Pan-India portfolio of 370 megawatt of solar assets.
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